M&A Deal Summary

AFV Partners Acquires RocketRoute

On March 11, 2020, family office AFV Partners acquired software company RocketRoute from Fly Victor

Acquisition Highlights
  • This is AFV Partners’ 1st transaction in the Software sector.
  • This is AFV Partners’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2020-03-11
Target RocketRoute
Sector Software
Buyer(s) AFV Partners
Sellers(s) Fly Victor
Deal Type Divestiture

Target

RocketRoute

Hampshire, United Kingdom
RocketRoute is a software platform simplifying route planning and flight plan submissions to aviation authorities around the world. The company's solutions span the private, business and commercial aviation end markets and are the backbone of many air rescue operations in Europe. RocketRoute was founded in 2010 and is based in Hampshire, United Kingdom.

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Buyer(S) 1

Buyer
DESCRIPTION

AFV Partners is a family-backed, opportunistic investment firm focused on partnering with growth-minded, 'sustainable' companies. The Firm has a special interest in mission-critical, founder-led software, data, and cybersecurity businesses. AFV Partners was formed in 2019 and is based in Argyle, Texas.


DEAL STATS #
Overall 3 of 7
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2020 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-14 Aircraft Performance Group

Castle Rock, Colorado, United States

Aircraft Performance Group is a provider of proprietary flight operations software solutions into the aftermarket of the aerospace industry. APG operates a software as a service business model focused on the corporate and business aviation segment of the aerospace industry. APG has recently integrated its market-leading aircraft performance software solutions, including runway analysis and weight and balance services, with flight planning services into a new software offering and mobile app, iPreFlight GenesisTM. Aircraft Performance Group was founded in 1999 and is based in Castle Rock, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Canoo

Torrance, California, United States

Canoo is a mobility technology company, that designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. The company offers lifestyle delivery vehicles, lifestyle vehicles, multi-purpose delivery vehicles, and pickups. Canoo was founded in 2017 and is based in Torrance, California.

Buy -

Seller(S) 1

SELLER

Fly Victor

London, United Kingdom

Category Company
Founded 2010
Sector Business Services
DESCRIPTION

Fly Victor is a charter broker with a global digital jet charter market place and is not a direct air carrier. All flights advertised to which Victor has access are owned and operated by a properly licensed third party air carrier with Part 135 and Part 121 authority from the Federal Aviation Administration and Department of Transportation.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-06 RocketRoute

Hampshire, United Kingdom

RocketRoute is a software platform simplifying route planning and flight plan submissions to aviation authorities around the world. The company's solutions span the private, business and commercial aviation end markets and are the backbone of many air rescue operations in Europe. RocketRoute was founded in 2010 and is based in Hampshire, United Kingdom.

Buy -